Turkey's first indigenous car 51 pct national, says minister
Just over half of Turkey’s first indigenous car is domestically produced, Turkey’s Minister of Industry and Technology said on Wednesday.
While the car, a project first announced by President Recep Tayyip Erdoğan in 2011, will be only 51 percent domestic in 2022, when production is set to begin, this rate will increase to up to 68 percent by 2026, Milli Gazete cited Mustafa Varank as saying.
The Automobile Joint Venture Group (TOGG), a consortium of five holding companies and a business union, is set to start production on the automobile in 2022 at facilities in western Turkey designed to build 175,000 units a year.
Turkey unveiled the first prototypes of a series of locally made cars to be assembled with an investment of 22 billion liras ($3.7 billion) in December of last year.
“Many domestic suppliers have already joined the TOGG family,’’ Varank said. “The suppliers include very young entrepreneurs and start-ups, that have never worked with a main producer before.’’
The technology minister also said the battery for the vehicles would be produced in cooperation with a global brand in Turkey.
Last month, TOGG signed an agreement with Chinese company Farasis for the use of its battery cells in the range of TOGG products.